Ceylon Graphite Corp. announced that the company has appointed founder and major shareholder Sasha Jacob as interim CEO. Mr. Jacob is a seasoned corporate executive with extensive operational experience in Sri Lanka and the experience and skill set required to lead Ceylon Graphite in working with local mining leadership, governmental bodies and graphite buyers as the Company approaches commercial production in the coming months.

The Board of Directors has also accepted the resignation of interim Chief Executive Officer Don Baxter. Mr. Jacob has a long history of successful business in Sri Lanka. He was a co-founder and principal shareholder of South Asia Energy Management Systems (SAEMS), formerly Sri Lanka's independent hydropower producer.

As the founder of company, he worked with local leadership to secure government support and licensing to establish the company on a solid footing, and as an advisor and principal investor, he has been a market leader in Canada as well as emerging markets in renewable energy finance, specialty metals and clean tech initiatives. Mr. Jacob is also CEO of Jacob Capital Management Inc., (a strategic advisor to Ceylon Graphite since November 15, 2017) the Chair of Maritime Launch Services, the Chair of Nature United (The Canadian affiliate of The Nature Conservancy), former Vice Chair of World Wildlife Fund Canada and a former Director of Plan International, Canada.